Potential housing market correction could come soon
Housing prices could see a steep drop soon. Many homes on the market are currently "overvalued" and with higher mortgage rates demand is drying up, causing some economists to predict costs will drop to more realistic levels. Moody's Analytics chief economist Mark Zandi joins "CBS News Mornings" to explain what he thinks will be changing in the housing market over the coming year.
#news #economy #housing
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#news #economy #housing
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.
Subscribe to the CBS News YouTube channel: http://youtube.com/cbsnews
Watch CBS News: http://cbsn.ws/1PlLpZ7c
Download the CBS News app: http://cbsn.ws/1Xb1WC8
Follow CBS News on Instagram: https://www.instagram.com/cbsnews/
Like CBS News on Facebook: http://facebook.com/cbsnews
Follow CBS News on Twitter: http://twitter.com/cbsnews
Subscribe to our newsletters: http://cbsn.ws/1RqHw7T
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For video licensing inquiries, contact: licensing@veritone.com
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- Paula WorkmanMedia should temper their choice of words2 years agoReported
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